South Korean company Samsung is still selling the Galaxy Fold globally and some recent reports claim that the company is preparing to launch the Lite version of the Galaxy Fold next year, 2021. South Korean sources claim that this device will not have to compare specs like the vanilla version but will come with a much more affordable price range than the previous one. The new phone will go for around KRW1.32 million, which is about $1,100 or €975.

Previous reports indicate that the Galaxy Fold Lite will be launched on August 5. The publication claims the Samsung Galaxy Fold Lite was supposed to be priced at KRW 1 million (roughly Rs. 62,800), which would make it quite a bit cheaper than the current Galaxy Fold that comes in at Rs. 1.62 lakh as per Amazon. But there is no particular news about the pricing of the new Fold Lite, but according to the reports, the price is almost Rs.1 lakh lesser than the original vanilla version.

The recent report shows an image that visualizes the upcoming phone. The phone in the image is unfolded that has a punch hole camera on the top right corner for selfies and video calling. There is not much information about the specifications of the phone. In addition to this several leaksters also say the bezels of the new Fold phone will be thinner.

It is expected that the smartphone can be launched in an online Samsung Unpacked event next year but there is no such concrete news of the launch. But it is expected that Samsung will unveil the Galaxy Fold 2, Galaxy Z Flip 5G, and the Galaxy Note 20, among other devices at the event this year. The delay in the launch of the Fold Lite is due to the COVID-19 situation and thus the launch is pushed back to next year.

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